United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Bigelow Investment Advisors LLC

Bigelow Investment Advisors LLC reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.3% in the fourth quarter, HoldingsChannel reports. The fund owned 7,950 shares of the transportation company’s stock after selling 108 shares during the quarter. Bigelow Investment Advisors LLC’s holdings in United Parcel Service were worth $1,250,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Resonant Capital Advisors LLC lifted its stake in shares of United Parcel Service by 151.5% in the 4th quarter. Resonant Capital Advisors LLC now owns 9,656 shares of the transportation company’s stock worth $1,518,000 after acquiring an additional 5,817 shares during the period. Cutler Investment Counsel LLC lifted its stake in shares of United Parcel Service by 77.2% in the 4th quarter. Cutler Investment Counsel LLC now owns 3,653 shares of the transportation company’s stock worth $574,000 after acquiring an additional 1,592 shares during the period. Cornerstone Investment Partners LLC lifted its stake in shares of United Parcel Service by 85.1% in the 4th quarter. Cornerstone Investment Partners LLC now owns 26,370 shares of the transportation company’s stock worth $4,146,000 after acquiring an additional 12,121 shares during the period. HTLF Bank acquired a new stake in shares of United Parcel Service in the 4th quarter worth approximately $6,544,000. Finally, Fidelis Capital Partners LLC lifted its stake in United Parcel Service by 12.6% during the fourth quarter. Fidelis Capital Partners LLC now owns 2,423 shares of the transportation company’s stock valued at $381,000 after purchasing an additional 272 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Price Performance

Shares of UPS stock traded up $0.03 during mid-day trading on Friday, reaching $142.77. The company’s stock had a trading volume of 5,066,680 shares, compared to its average volume of 4,319,514. United Parcel Service, Inc. has a 1-year low of $133.68 and a 1-year high of $197.80. The company has a market cap of $121.73 billion, a P/E ratio of 18.35, a PEG ratio of 1.65 and a beta of 1.05. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10. The firm’s 50-day moving average is $149.55 and its two-hundred day moving average is $151.28.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. The company had revenue of $24.92 billion during the quarter, compared to analysts’ expectations of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The business’s revenue was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.62 EPS. On average, research analysts predict that United Parcel Service, Inc. will post 8.2 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend was Friday, February 16th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s dividend payout ratio (DPR) is presently 83.70%.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director Eva C. Boratto bought 1,400 shares of United Parcel Service stock in a transaction dated Friday, February 2nd. The shares were bought at an average price of $142.30 per share, with a total value of $199,220.00. Following the purchase, the director now owns 1,400 shares of the company’s stock, valued at $199,220. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on UPS shares. Argus lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Stifel Nicolaus dropped their price target on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. Barclays dropped their price target on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 31st. TD Cowen dropped their price target on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. Finally, Raymond James dropped their price target on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $165.61.

United Parcel Service Company Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.